Ethereum co-founder, Joseph Lubin, took aim at Tron, the Justin Sun-led crypto project, which has long held itself as a competitor to Ethereum when it comes to the ideal blockchain for building decentralized applications (DApps).
However, while Tron claims to be an Ethereum competitor, Lubin does not agree that the project fits into the bracket of rival DApp platforms.
Instead, he labeled Tron as merely a marketing project, telling Forkast News at the Hong Kong Fintech Week that there are good competitors, and then there are good marketing projects. Those claims perhaps carry some weight given that an announced Justin Sun lunch with Warren Buffet has failed to materialize.
“Tron is an excellent marketing project,” Lubin said before alleging that projects like Tron lack the features they need to be successful. He added,
There are other excellent marketing projects and some of those marketing projects aren’t necessarily intellectually honest and not technologically strong or rigorous.
Interestingly, while the Ethereum co-founder had written off the Tron network as a competitor, he highlighted that other high-quality technology projects are quite impressive and could compete with Ethereum.
“Polkadot and Dfinity and Tezos and NEAR, Algorand, Avalanche. All of those are quite impressive technologically,” Lubin said in the interview.
Meanwhile, as Coinfomania reported earlier in the day, Joseph Lubin explained why most competitors are lagging behind Bitcoin and Ethereum. While the project which Lubin had co-founded with Vitalik Buterin in 2015 scaled without significant regulatory hurdles, new projects are struggling to keep up with regulatory requirements.
He concluded that why it is not impossible for even a technically active project to usurp Ethereum, it would but very, very difficult given the “early head start and the massive network effect that the latter has garnered.
Ethereum has remained the second-largest cryptocurrency by market cap for a very long time, barring a short blip last year, and had a market value of $19.8 billion at the time of writing.